Overview – Wednesday – March 20

8:30am – 9:00am

REGISTRATION

9:00am – 9:10am

WELCOME

9:10am – 9:55am

OVER THE POLICY HORIZON: THE NEW RULES AND REGULATIONS SHAPING OUR FUTURE

The rules governing advice, superannuation and retirement are being redefined following substantial reports and recommendations handed down by the Productivity Commission and the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry in recent months. Hear from regulators, Treasury and public policy experts as they look over the horizon to map out what the future holds.

  • How will financial planners and the advice landscape change and adapt in the post Royal Commission world?
  • What’s next for retirement income covenants following the Productivity Commission’s recommendations?
  • What does a fee model for advice in retirement look like now?
  • How will the new delineation of responsibilities between APRA and ASIC impact regulation and compliance?

Joanna Bird

Executive director, wealth management, Australian Securities and Investments Commission

Michelle Dowdell

Principle adviser, retirement income policy division, Treasury

Dante de Gori

Chief executive, Financial Planning Association of Australia

Chair

Deborah Ralston

Chair, SMSF Association

9:55am – 10:35am

THE CRUCIAL ROLE OF THE FINANCIAL ADVISER ALONG RETIREMENT’S JOURNEY

The unique risks (sequencing, longevity, inflation) and client needs for retirement demand specialist skills and solutions. This session will explore the critical role advisers play in guiding clients through the complexities.

  • What opportunities are there for retirement advice specialists?
  • How do advisers adapt their value proposition as clients move into retirement?
  • How does the wealth industry solve the maths complexities of a generation moving from accumulation to decumulation phase.
  • What are innovative strategy solutions for retirees in decumulation phase?

Alan Freshwater

Financial adviser, RI advice

Miriam Herold

Head of research, Centrepoint Alliance

Jacqui Lennon

Head of customer experience and product, Allianz Retire+

Chair

Jason Andriessen

Director, CoreData Consulting

10:35am – 11:05am

MORNING TEA

11:05am – 11:50am

PORTFOLIO CONSTRUCTION FOR DECUMULATION

This session will consider equities strategies that seek to solve the riddle of drawing dependable income on a declining asset base with an eye to downside protection.

  • How advisers can build more resilient strategies for decumulation?
  • How can advisers achieve more dependable income while providing exposure to growth with lower drawdown risk and volatility?
  • Manage clients’ sensitivity to risk or loss of capital.
  • What is the nature of cash flow, liquidity and capital preservation?
  • Answer the question from clients: ‘Will my retirement savings last?’

PAPER

Five tips for turbulent markets
Equity income - A lesson from traditional income assets
Why it's important to understand investment risk

Philipp Hofflin

Portfolio manager, Lazard Asset Management

Rudi Minbatiwala

Head of equity income, Colonial First State Global Asset Management

Walter Raspopin

Private client manager, Trilogy Funds Management

Chair

Paul Saliba

Managing director and founder, Evolutionary Portfolio Services

11:50am – 12:30pm

BIG DATA AND TECHNOLOGY: IMPROVING THE EFFICIENCY OF ADVICE

This session will explore how technology, big data and robo-advice are reshaping advice delivery.

  • Who sits behind the algorithms and big data?
  • How is big data being used to improve the efficiency of advice delivery?
  • How is technology reshaping traditional risk profiling?
  • What’s the latest from start-ups and fintechs?
  • How is behavioural and science based research improving our understanding of superannuation fund members?
  • How can the adviser use advancements in technology to deliver more cost-effective and specialist advice which meets best interest duty obligations?

Lisa Chambers

General manager, advice monitoring wealth, National Australia Bank

Eraj Ghafoori

Behavioural economist, AustralianSuper

Wade Matterson

Practice leader, Australia, Milliman

Chair

Ben Marshan

Head of policy and standards, Financial Planning Association

12:30pm – 1:10pm

WHAT LIES BENEATH: HOW IS THE INDUSTRY WORKING TOGETHER TO FACILITATE MEANINGFUL PORTFOLIO COMPARISONS?

Superannuation fund members are requiring more specialist advice as they approach retirement. This session will explore what industry and retail super funds – along with the industry more broadly – are doing to help clients and advisers compare options.

  • What information do researchers and advisers need to recommend industry fund products and for these products to be included on more approved product lists?
  • Are we doing fund members justice with their existing retirement strategies?
  • How do advisers access and use investment portfolio information?
  • How do we work together to compare retirement strategy information in industry, retail and SMSFs?

Andrew Fisher

Manager, asset allocation, Sunsuper         

Veronica Klaus

Head of investment consulting, Lonsec research

Graeme Mather

Director and head of distribution, Schroders

Chair

Liz Hughes

Financial planner, Wealthspring Financial

1:10pm – 2:10pm

LUNCH

2:10pm – 2:50pm

RETIREMENT OUTCOMES: GENDER IMBALANCES AND ETHICAL ISSUES

Employer contributions form the crux of savings for retirement. This leaves some segments of the population at a disadvantage. This session will look at some of the challenges and ethical issues facing retirees who have inadequate savings, and explore potential solutions.

  • What can be done for women, who on average have less savings and live longer?
  • What are the impacts of divorce and hybrid families on retirement incomes?
  • What can be learned from recent research on retirement outcomes for female primary carers in Australia?

Carla Harris

Co-founder and chief executive, Longevity App

Sharon Taylor

Associate professor, Western Sydney University

Chair

Deborah Kent

Director, Integra Financial Services

2:50pm – 3:20pm

INTERGENERATIONAL WEALTH TRANSFER: CONFRONTING ESTATE PLANNING CHALLENGES

Financial planners are psychologists, Nobel laureate professor Richard Thaler says. Estate planning for modern families is emotionally charged and technically difficult to navigate. This session will look at how to have more productive conversations on the topic with clients and specialists.

  • Engaging with kids of retirees and your future client base
  • Ethics and grey areas around wealth transfer
  • Understanding client needs and spending time in conversations to build rapport and trust
  • Tax minimisation, testamentary trusts and philanthropy for modern hybrid families

Sarah Broady

Financial planner, The Retirement Advice Centre

Paul Evans

Partner, Makinson d’Apice Lawyers

Michelle Gortan

Head of philanthropy, Mutual Trust

Chair

Andrew Keay

Director, Aged Care Planners

3:20pm – 4:10pm

AGED-CARE MAELSTROM: HAVING INTERACTIVE DISCUSSIONS WITH CLIENTS

Clients can’t envisage the realities of retirement, especially when it comes to planning for cognitive decline and aged-care. This session will look at the aged-care minefield and how advisers can encourage better decision-making using social care theory.

  • The challenges of the evolving client situation, late-stage changes, and determining aged-care needs.
  • Tips for managing home care waiting lists and choosing aged-care services.
  • How to use social care theory to have more meaningful conversations with clients and/or families during periods of stress and conflict.
  • What are some of the technical and social issues to explore with clients to help encourage better decision-making?

Dianne Chalk

Financial planner, Hillross Fairy Meadow

Jo Fox

Director, Strengthening Practice

Chair

Louise Biti

Director, Aged Care Steps.